Canaccord Genuity Reiterates a 'Hold' on MAKO Surgical (MAKO); Q3/11 Results In Line; Systems Light, Utilization Strong, Hip Just Starting
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Price: $29.99 --0%
Rating Summary:
1 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
1 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Canaccord Genuity reiterates a 'Hold' on MAKO Surgical (NASDAQ: MAKO) price target raised from $24.50 to $30.00.
Canaccord analyst, William J. Plovanic, said, "We reiterate our rating on shares of MAKO Surgical due to Valuation. MAKO performed above our Q3/11 estimates, with procedure revenues outperforming and systems revenues buoyed by hip application upgrades. While the early signs of the hip commercialization appear promising, we believe market acceptance and success are still too early to call. As a result, our valuation is primarily based on the knee business. We continue to believe the company is performing well in driving market growth in the uni-knee segment by growing both its installed base and procedure volumes."
For an analyst ratings summary and ratings history on MAKO Surgical click here. For more ratings news on MAKO Surgical click here.
Shares of MAKO Surgical closed at $33.34 yesterday.
Canaccord analyst, William J. Plovanic, said, "We reiterate our rating on shares of MAKO Surgical due to Valuation. MAKO performed above our Q3/11 estimates, with procedure revenues outperforming and systems revenues buoyed by hip application upgrades. While the early signs of the hip commercialization appear promising, we believe market acceptance and success are still too early to call. As a result, our valuation is primarily based on the knee business. We continue to believe the company is performing well in driving market growth in the uni-knee segment by growing both its installed base and procedure volumes."
For an analyst ratings summary and ratings history on MAKO Surgical click here. For more ratings news on MAKO Surgical click here.
Shares of MAKO Surgical closed at $33.34 yesterday.
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